TITLE

Akzo bid "undervalues" ICI

AUTHOR(S)
Bains, Elizabeth; Davis, Nigel
PUB. DATE
June 2007
SOURCE
ICIS Chemical Business;6/25/2007, Vol. 2 Issue 72, p61
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Imperial Chemical Industries (ICI) PLC has rejected the offer of Akzo Nobel N.V. to take over the company in Great Britain. ICI stated that Akzo Nobel has undervalued their company by offering only 600 pence per share, assessing the firm at €7.2 billion. After their bid was turndown, Akzo Nobel noted that it would continue to evaluate ICI and all other strategic opportunities.
ACCESSION #
25636659

 

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